Effective Studies

Description

Advanced Sierra Chart footprint analysis tools designed for professional traders and institutional order flow analysis. The Effective Studies suite provides comprehensive real-time detection of market microstructure patterns including:

  • Point of Control Analysis - Identify significant volume concentration zones and POC waves
  • Value Area Dynamics - Track untested value areas, gaps, and engulfing patterns
  • Order Flow Exhaustion - Detect buyer/seller exhaustion at key price levels
  • Volume Imbalances - Spot sustained, stacked, and sequential volume imbalances
  • Delta Analysis - Monitor cumulative delta patterns, divergences, and breakouts
  • Market Structure - Recognize momentum shifts, absorption, and institutional activity

These studies integrate seamlessly with Sierra Chart’s Volume at Price data to provide actionable insights for scalping, day trading, and swing trading across all markets.

Sierra Chart Effective Study

Product Studies

Effective Main Study

The comprehensive footprint analysis tool featuring 25+ subgraphs for POC analysis, exhaustion detection, volume patterns, and market structure identification. Includes momentum analysis, prominent POC tracking, and value area dynamics.

Volume Imbalance Study

Specialized study for detecting volume imbalances, sustained imbalances, stacked patterns, and sequential order flow. Essential for identifying institutional ladder orders and supply/demand zones.

Calculated Values Study

Delta-focused analysis tool providing market weakness detection, extreme delta thresholds, divergence patterns, and delta transition analysis. Perfect for understanding order flow strength and directional bias.

News Study

Economic news events study displaying upcoming high-impact releases directly on your chart. Track Low, Medium, and High severity events across multiple currencies with configurable time windows. Essential for backtesting accuracy and avoiding volatile news periods.

Purchase and Cost

Pricing: $20 USD per month via PayPal subscription Free Trial: 1 month full-featured trial included Payment: Monthly billing via secure PayPal Cancellation: Cancel anytime with immediate effect

What’s Included:

  • All three study modules (Main, Volume Imbalance, Calculated Values)
  • Real-time pattern detection and alerts
  • Customizable thresholds and display options
  • Regular updates and new pattern additions
  • Email support and setup assistance

Setup and Installation

Step 1: Subscribe

Get monthly access to Effective Studies with your Sierra Chart username.

Subscribe: Start your subscription with your Sierra Chart username

Find your Sierra Chart account name at: https://www.sierrachart.com/UserControlPanel.php#AccountDetails

Step 2: Download and Install

  1. Download: effectiveStudies_64.dll v8.0.0
  2. Install: Follow Sierra Chart’s Advanced Custom Study installation guide
  3. Restart: Restart Sierra Chart to load the new studies

Step 3: Configuration

Each study requires specific setup:

  • Main Study: Configure Numbers Bar Calculated Values study dependency
  • Volume Imbalance: Set up Volume At Price Threshold Alert V2 studies (bid/ask)
  • Calculated Values: Link to required delta calculation studies
  • Sample Chartbooks: For quick setup try one of these:

Troubleshooting

Common installation issues are documented in Sierra Chart’s troubleshooting guide.

Key Features

Real-Time Pattern Detection

  • 25+ Visual Subgraphs across three specialized studies
  • Configurable Thresholds for all pattern recognition
  • Multi-Timeframe Support for various chart types and instruments
  • Performance Optimized for high-frequency data processing

Professional Trading Tools

  • Institutional Order Flow - Identify large participant activity
  • Support/Resistance Levels - Automated key level identification
  • Trend Analysis - Momentum and exhaustion pattern recognition
  • Risk Management - Early reversal and continuation signals

Market Coverage

  • Futures - ES, NQ, YM, RTY, GC, CL, 6E, 6B, 6J, and all major contracts
  • Forex - EUR/USD, GBP/USD, USD/JPY, and currency pairs
  • Stocks - Individual equities with sufficient volume
  • Crypto - Bitcoin, Ethereum (where Sierra Chart supported)

Support and Resources

Getting Help

  • Email Support: tim@theaceofcharts.com for setup assistance
  • Documentation: Comprehensive feature guides available for each study

System Requirements

  • Sierra Chart: Version 2400+ recommended
  • Service Package: Package 5 (Base Sierra Chart with Advanced Features - $36/month) or Package 11 (Integrated Sierra Chart with Advanced Features - $46/month) required for Numbers Bars
  • Data Feed: Real-time tick data required for optimal performance
  • Hardware: Minimum 8GB RAM, multi-core processor recommended
  • Operating System: Windows 7/10/11 (64-bit)

Note: The Numbers Bar Calculated Values study is essential for the Effective Studies to function properly. This study is only available in Sierra Chart’s advanced features packages (Package 5 or higher).